Cashew Kernel Price Today

Cashew Kernel Price Today, September 09, 2017

W240: 5.20-5.25; W320: 5.05-5.15;

W450/ SW320/ LBW: 4.9-4.95;

DW: 4.5-4.6; WS/WB: 4.35-4.6;

LP: 3.75-3.85 (SP: Limited)

(Unit: USD/ Lb FOB HCMC/ Flexi packs)

Note: The above selling prices for non-Chinese markets/ Prompt shipment.

Thứ Ba, 29 tháng 3, 2016

India: Industry urges Finance Minister to withdraw duty imposed on cashew imports

28 March 2016



In February 2016, outbound shipments of cashew contracted by 23.35% to $53.60 million from $69.93 million a year ago.

During April – December 2015-16, India’s total cashew exports shrunk by 18.27% to about $196.100 million from $239.930 million during the corresponding period of 2014-15.
In February 2016, outbound shipments of cashew contracted by 23.35% to $53.60 million from $69.93 million a year ago.
India’s total cashew imports, too, fell by 34.17% to $294.940 million in April-December 2015-16 from about $448.030 million during the same period of last fiscal.
The cashew analysts attribute this huge decline to a less domestic production, which has been dragged down by a 9.36% import duty imposed on raw cashew nuts.
“The imposition of a 9.36% import duty has given a major blow to the country’s cashew industry leading to several small and medium-scale units closed down,” an industry analyst told the Dollar Business.
Cashew processing units in India import over 60% of their total material from overseas, mostly from African countries. But the industry, after Finance Minister Arun Jaitely announced a duty on cashew imports in his Union Budget speech 2016, feels that their bad loans might soon change into non-performing assets.
“The industry has submitted a representation to the Finance Minister Arun Jaitely, requesting him to take back the imposed duty on cashew imports,” the analyst said.

Furthermore, the industry has been pressing the farmers to grow more cashew groves to reduce dependency on its imports. 
Source: https://www.thedollarbusiness.com/industry-urges-finance-minister-to-withdraw-duty-imposed-on-cashew-imports/

Ghana: Cashew price up after revocation of export ban

Tue Mar 29, 2016




Following the withdrawal of a directive by the Ministry of Trade and Industry that sought to ban the export of raw cashew nuts until June 2016, the commodity’s price has increased appreciably, Business and Financial Times has gathered.

Checks at the commodity’s market places around the Brong Ahafo Region revealed that a kilogramme of cashew is currently priced at GH¢4. Prior to the announcement of the ban by the ministry, the price was hovering around GH¢4 and GH¢4.50p, but reduced drastically to between GH¢2-GH¢2.50p after imposition of the ban.

Last week, the Trade Ministry announced a ban on the export of raw cashew nuts until May 31st 2016. The directive was meant to protect local processing companies from being starved of adequate supplies of the raw nuts. However, the directive was greeted with uproar and concerns from most actors in the cashew production value chain, hence revocation of the ban for further, broader consultations.

Cashew buyers and their agents withdrew their services which accordingly caused a shape decline in the commodity’s price within the space of few days. They have since resumed brisk business at places like Techiman, Sampa, Drobo, Wenchi and Jakekrom. Farmers on the other hand are also keen to sell off their stocks to avoid any market eventuality.

Drobo-based buyer Rexford Agyei, in an interview with Business and Financial Times commended government for its “swift response to the cry of many in the cashew production value chain”. He said: “I have thousands of tonnes in stock, and we are working around the clock to export it as soon as possible since the door is now open”.

Meanwhile, Chairman of the Techiman Cashew Buyers Association, Abdul Mumuni Issah, revealed that though buyers have resumed trading activities, some exporters and investors still habour some fear. “Some exporters and investors, especially those who trade with unlicenced local buyers and agents are apprehensive and sceptical about pumping more money into the business,” he said.

“Henceforth, many exporters and investors will explore other alternative routes in the West African sub-region for exporting cashew. The recent development might trigger smuggling of the commodity in the near-future, if ‘all-pleasing measures’ are not taken to address challenges facing the industry,” he stated

The National President of the Cashew Farmers Association, Anthony Kwaku Adu, on his part consequently advocated for massive investment into cultivation of cashew as the ‘best solution’ to bridge the deficit in production of raw cashew nuts in the country, which remains the industry’s major bane.

Source: http://www.ghanaweb.com

Ivory Coast: Campaign Launch 2016 cashew in Ouangolodougou



Fri Mar 25, 2016



The cashew nut marketing campaign was officially launched in Ouangolodougou by the prefect of the department, Sihindou Coulibaly, attended by traditional leaders and industry players.

"Last year, we made seizures this year, if I seizures, I will refer people. The machines that were used in fraud will be auctioned, "warned Sihindou Coulibaly during Tuesday the opening of the campaign.

To the prefect, it is imperative that the entire cashew production is sold in Côte d'Ivoire to avoid leakage of currency to neighboring countries, which, he said, could impact the Ivorian economy. "Each of you must understand the need to sell their product here in Ivory Coast," he said.

The Regional Director of the Board of cotton and cashew the Poro region Issouf Koné, educated farmers and buyers on the prospects for the new campaign while urging them to produce quality nuts and comply the rules in force for this campaign.

"This year, the price of cashew kilogram is set at 350 francs for the farmer, it is a bottom price below which you do not have to sell your product. This year it will be the rigor and cotton cashew board took a clear circular on fines for both the farmer and the buyer, "said Kone Issouf.

Source: http://fr.africatime.com

Ghana: Trade Ministry to engage stakeholders in cashew industry

Mon Mar 28, 2016




The Policy Adviser at the Ministry of Trade and Industry, Frederick Alikpui, has backed calls for interventions to enable local farmers to have good prices to sell raw cashew abroad as their foreign counterparts.

Speaking on GBC's Current Affairs Programme, Talking Point, he said the Ministry will engage the Cashew Association, farmers and other stakeholders to work out an operational modality including signing a memorandum of understanding to promote the cashew industry.

Meanwhile, a cashew farmer at Wenchi, Tony Aidoo is calling on the Ministry of Trade and Industry to support the cashew industry, since production keeps decreasing due to unavailability of infrastructure. He said Ghana currently produces 70 thousand tons of raw cashew which is not enough to boost the industry.

Mr Aidoo said the industry can grow if proper measures are put in place to make the sector more lucrative. For his part, the President of the Cashew Industry Association, Winfred Osei Owusu, stressed the need for the formulation of a more comprehensive policy that will have interest of the ordinary Ghanaian cashew farmer at heart.

He appealed to government to solve some of the key problems bedeviling the cashew sector, particularly controlling pest on the farms through subsidised mass spraying.

Source: GBC

Thứ Hai, 28 tháng 3, 2016

Ghana: Crisis-ridden cashew industry gets a breather

Ghana has lifted ban on export of raw nuts.

Ghana has lifted ban on export of raw nuts.


The cashew industry here heaved a sigh of relief after the Ghana government on Friday lifted the ban on the export of raw cashew nuts from that country.

The ban had been imposed early this year. Crisis had loomed large on the cashew sector in the country after many West African countries had begun considering such a ban to boost cashew processing in those countries.

The raw cashew nut season in the West African countries is from January to June, with trade peaking during April and May.

India annually imports about 6 lakh tonnes of raw cashew from these countries. Under the ban orders imposed by the Ghana government, traders could purchase raw nuts from January, but exports would be permitted only after May 31.

Ghana produces about 68,000 tonnes of raw nuts annually. The order says that while kernel production through processing in Ghana had increased from 4,250 tonnes in 2009 to 17,600 tonnes in later years, last year it dropped to less than 2,500 tonnes. “This implies that the processing industry was operating at just 5 per cent of its installed capacity.”

Ghana had shut down 11 of its 12 processing companies owing to non-availability of raw nuts due to exports. But with the ban in force, huge quantities of accumulated raw nuts had begun to rot since the single processing company had capacity limits when it came to purchasing raw material.

In the wake of strong protests by farmers, the Ghana government lifted the ban, cashew traders from here stationed in Ghana told The Hindu .

Meanwhile, though Ivory Coast, a major raw nut supplier to India, has not imposed a ban, it has banned the movement of raw nuts outside the country through land borders. Raw nuts used to be smuggled out of the country in this manner by traders resulting in huge tax revenue loss to Ivory Coast.

Export is now possible only through the through ports of Abidjan and San Pedro. Ivory Coast produces about 6,25,000 tonnes of raw cashew nuts annually and processes only about 1,50,000 tonnes. The rest is exported and a good portion comes to India. But now owing to the restrictions, Indian importers will have to pay more for raw nut from Ivory Coast by paying taxes.

Ghana govt. lifts ban on export of raw nuts, which was imposed early this year.

Source: http://www.thehindu.com/news/national/kerala/crisisridden-cashew-industry-gets-a-breather/article8379661.ece

India: Import duty on raw nuts hits cashew units hard


Mon Mar 28, 2016



Cashew processing units in North Andhra are facing worst-ever crisis with several managements forced to shutdown their operations following imposition of import duty on raw cashew nuts.

Industry sources said of 200-odd units located in North Andhra, 150 have already stopped production and the remaining have already pressed alarm buttons. “If the government fails to respond in next few days, we have to down the shutters,” finance and market head of Arle Cashew Pvt. Ltd Madhav Sure said.

The firm with a capacity to process 3.2 ton per day has its unit at Arle village in K. Kotapadu mandal, about 40 km from here.

Indian cashew processing units import more than 60 per cent of their requirement from abroad mostly African countries. Sensing the demand for raw cashew nuts from India and Vietnam, even the African countries have been imposing export duty.

‘A big blow’


Cashew unit owners feel that the imposition of 9.36 per cent import duty had dealt a big blow to the entire industry, which employs thousands of people in the rural areas.

They also feel that as it would make the units sick, their bank loans might become non-performing assets.

Representations submitted


Representations have been submitted to Union Finance Minister Arun Jaitley to withdraw the import duty announced in the budget.

The processing units are dependent on imports as country is unable to produce the quantity needed by them.

According to Andhra Pradesh Cashew Manufacturers’ Association, India produces six to seven lakh tons of cashew nuts as against installed and running capacity of 23 lakh ton and 16-17 lakh ton respectively. Imports from West Africa are estimated at 10 lakh ton. India exports 1.3 lakh ton. Indian domestic consumption is 2.5 lakh ton (as per 2012 data) with 14.4 per cent growth rate. As per latest data, it is 3.4 lakh ton with a growth rate of seven per cent.

The association has been representing the Centre and the States to encourage farmers to grow more cashew groves to help save foreign exchange.

Industry sources say of 200-odd units in North Andhra, 150 have stopped production

Source: http://www.thehindu.com/

India: W320 Towards $4.00/Pound ?

Sun Mar 27, 2016



During Olympics 2012, there was a huge demand for cashew kernel but prices rose after the Olympics. This was mainly because of heavy piled up stocks. This Olympics is hosted in Brazil which is the origin of Cashew. However this time there is no piled up stocks unlike earlier.

There is an existing shortage of premium grades like W240 and higher grades. So there might be huge demand for W320 by April end.

We think that processors can demand $4.00/Pound/Premium W320.

Source: http://worldcashew.com/

Ghana: Let’s add value to raw materials before exporting – Spio-Garbrah


Sun Mar 27, 2016




The Minister for Trade and Industry, Dr. Ekwow Spio-Garbrah has reiterated the need for Ghana to add value to its raw materials before exporting, indicating that the country will lose huge revenue if the trend continues.

According to the renowned businessman cum entrepreneur, “we are doing reasonably well as a country but we could do much better. We have nontraditional export, a national export strategy and an export development program where we are hoping to grow our nontraditional exports from about GHC 2.5 billion to about GHC 5 billion a year.”

“To do that, you have to add value. If we continue to sell the raw material in its raw state, whether it is raw fish instead of smoked fish or canned fish or the raw cashew instead of the processed cashew or raw cocoa instead of the processed cocoa, you’ll not get the value that you need on the international market.”

Speaking on TV3’s New Day program, Dr. Spio-Garbrah indicated that “it’s been estimated that the farmer gets about 6% more from the processed raw material instead of just sending the material in its raw state, which means we are losing that differential. That goes for all the raw material just like gold.

“If you export raw gold instead of converting the gold into jewelry, then you are losing money because the raw gold can be sold at a maximum of about 1,000 or 1,500 at the world market but if you convert that gold into jewelry or something that people in the showbiz industry would wear, then immediately it becomes 20,000 or 30,000 or even 50,000 because it has a certain design or packaging value.”

The minister recently revoked a two-month old ban his outfit placed on the exportation of raw cashew out of Ghana that would have enable the cashew processing factories in the country to have access to raw cashew to process.

The initiative which was applauded by some industry players was not accepted by some of the farmers, and their representatives in parliament raised concerns over the trade ministry’s directive.

Dr. Spio-Garbrah has however indicated that the decision has been tabled for further discussion and would be implemented after further consultation.

Eleven out of the 12 cashew processing factories in the country have shutdown for lack of raw material to process whereas farmers prefer selling to neighboring countries and some individuals who export them.

The 12 cashew processing plants had an annual processing capacity of about 70,000 tons.

Tv3network.com has gathered that most of the exports go to India which is one of the highest importers of Ghanaian raw material.

Source: http://www.ghanaweb.com/

Thứ Sáu, 25 tháng 3, 2016

Ivory Coast: an intercommunity clashes killed 17 people and wounded 39 in Bouna (Official)

APA - 03/26/2016

Abidjan (Ivory Coast) - The new provisional toll of clashes Thursday in Bouna (Northeast) between Fulani herders (allogeneic) and Lobi (indigenous) farmers reported 17 dead and 39 wounded, APA learns from official source.

The information was given Friday night by the Deputy Chief of Staff of the Ministry of State, Ministry of Interior and Security, Vincent Tohbi speaking in log 20 hours RTI1 the Ivorian public television channel.

"On the night of 23 to 24 March 2016, violence has been particularly aggravated and there was at this time 17 people died," said Vincent Tohbi, stressing that "I speak of bodies
are currently (Friday 8:00 p.m. GMT and local time) present at the General Hospital of Bouna. "

According to Tohbi, this report is for the interim time. "This is a crisis, it will take a few more hours, a few days for the final check 'he noted, adding that conflict also caused 39 wounded, including five members of the security forces.

Continuing, the Deputy Chief of Staff of the Ministry of Interior reported that 500 members of the Republican Forces of Côte d'Ivoire (FRCI), 250 gendarmes and 140 policemen were deployed to Bouna to maintain order. "The situation is calm tonight (Friday) after two days of sharp tensions" concluded Mr. Tohbi.

According to several sources joined by APA on site Thursday, the clashes began by "quarrels" between the community of Peul alien and indigenous Lobi. "This morning these
quarrels escalated with the debut of the Malinke, "had reported on Thursday, APA medical source.

The protagonists have used knives (machetes, club ...) and guns, witnesses said, APA also joined the same day. A conflict between pastoralists and farmers is behind these clashes triggered Wednesday.

CK / hs / ls / APA
Source: http://www.abidjan.net/m/actualites/article.asp?ID=587038

India: 9.36% duty on raw cashew import will hit labour, SMEs and exporters: Industry

Mangalore, Mar 25 



(KNN) The labour intensive cashew industry is upset over the government's proposal in the Budget for 2016-17 to impose five percent customs duty, four percent special additional duty (SAD) and three percent cess on import of raw cashew nuts.

The cashew nuts manufacturers have voiced their concerns over the decision saying that it has been taken without consulting stakeholders including manufacturers and exporters.

“Government has no clarity on what prices to increase and what not,” said a Kollam based cashew manufacturer.

“Government has imposed a cumulative duty of 9.36 per cent on raw cashew nuts. The move will definitely hit the labours, small and medium industries and also cashew nut exporters,” said Nowfall Salam, Managing Partner, Tasty Nuts, Kollam.

The manufacturer explained that if the price of raw cashew goes up by Rs 10 then the selling price of final product would go up atleast Rs 40.

The move will lead to non-availability or acute shortage of raw cashew nuts or will lead to closure of units, said the entrepreneur.

Raw cashewnuts are grown by small and marginal farmers and processed by micro, small and medium enterprises (MSME) in rural areas, employing mostly women (90 percent) and generating indirect jobs for about 400,000 people.

The move will hit the labours the most, said the manufacturer. (KNN Bureau)


Source: http://knnindia.com/news/newsdetails/economy/936-duty-on-raw-cashew-import-will-hit-labour-smes-and-exporters-industry

India; Cashew most consumed rich nut in Indian subcontinent

25 March 2016



Once touted as a privilege of only the rich, cashew or kaju is the most consumed nut in the Indian subcontinent and used in a variety of food products."India is not only the world's largest producer, processor and exporter of cashews but also its largest consumer, especially the broken nuts, used in making sweets, biscuits, cakes, chocolates and snacks throughout the year," Karnataka Cashew Manufacturers Association secretary M. Tukaram Prabhu told IANS.

Excluding groundnuts, a common man's delight, the cashew nut is more affordable than other nuts like walnuts among dry fruits and a key ingredient in a range of dishes, including upma, curries and even curd rice to tickle the palate.

Though grown mainly in the south and western states of Karnataka, Kerala, Goa and Maharashtra since the Portuguese brought a few cashew saplings in ships and sowed them along the west coast over 400 years ago, farmers in eastern coastal states like Andhra Pradesh, Odisha Tamil Nadu and West Bengal have also begun growing them.

"Cashew came to India in the 16th century and took roots in the coastal region, as its saplings found the local soil more congenial than in southern Europe where it originated. Through a three-month crop in a year and harvested in summer, farmers in eastern states have also joined us in growing its trees," Prabhu said.

According to the Kochi-based state-run Cashew Export Promotion Council, the crop is grown across 700,000 hectares, producing around 400,000 tonnes of raw nuts in shells annually though the yield per hectare is less than in Africa, Brazil, Indonesia and Vietnam for various reasons, including mechanization.

"As a short, stocky and ever-green tropical tree, the cashew tree flowers once a year between November and January and its fruit ripens in two months (February-March) for harvesting by summer," Prabhu said.

In raw form, while cashew kernel is soft, white and meaty, its colour and taste changes when roasted, turning into a golden hue from creamy white and its mellow pulp becomes crisp. When salted, it turns into a most delicious nut.

"India was the first country to enter the world market with cashew kernels and pioneered its processing as an industry, with 4,000 units, employing about 400,000 people, 90 percent of them being women," Prabhu added.

Source: http://www.thehansindia.com/posts/index/Health/2016-03-25/Cashew-most-consumed-rich-nut-in-Indian-subcontinent/216258

India: Jackfruit, cashew nut to go 'organic'

Mar 24, 2016




Margao: The state government intends to develop and promote 'Goa' brand of organic farming through a co-operative model. Jackfruit and cashew nut, apart from lesser known locally cultivated crops like pepper and chilly have been identified by the state agriculture department for cultivation through organic method, agriculture minister Ramesh Tawadkar told TOI recently.

"The agriculture department has already taken quite a few steps in that direction. Co-operative societies have already been formed in Cotigao, Gaodongrim, Poinguinim, Sristhal and Amona in Canacona. The farmers are being motivated to use vermicomposting and organic manure for the cultivation of these crops," Tawadkar said.Stating that stress would be laid on value-addition for the promotion of organic produce, Tawadkar spoke about the government's plans to start a jackfruit processing plant for the purpose very soon.

"Jackfruit grows all over Goa and all of Goa's jackfruits are organic. While Goa's cashew is very well known across the world, jackfruit remains underexploited as a food crop, though jackfruit-based products are in great demand the world over. Jackfruit is widely used in baby foods and bakery industries, while jackfruit pulp, chips and powder has extensive uses," Tawadkar said.

The jackfruit has high nutritional value as the fruit is rich in potassium, calcium, and iron.Once the Goa brand of jackfruit and jackfruit products begins to hit the market, the ubiquitous fruit will fetch lucrative prices for the farmers, Tawadkar felt.

The state government's initiatives in encouraging vegetable cultivation in Goan villages has resulted in the horticulture department procuring 300 tonnes of locally grown vegetables last year. This year's projection is 800 tonnes, he said. Stating that the cultivation of Nisha variety of hybrid chilli promoted by the agriculture department resulted in a bumper crop last year, Tawadkar exuded confidence that Goa's production of chilli would soon cross the targeted production of 10 tonnes per day. Goa's requirement of chilli is over 8 tons per day."Once the co-operative model of organic farming becomes a success, the new generation of youth in the state will eagerly go back to the fields and farms, as it will turn out to be a lucrative career option for them," Tawadkar said.

Source: http://timesofindia.indiatimes.com/

The Senegal wants to more than double the cashew marketing 2018


Thu Mar 24, 2016



"Given the interest in cashew, Senegal is planning commercialization potential that will turn around 100 000 tons by 2018," said the chief of staff of the Ministry of Commerce, the informal sector of consumption and promotion of local products, Augustin Yakhar Faye at the annual forum of the opening ceremony dedicated to the commercialization of cashew nuts in Senegal. Organised by the Consultative Framework of the operators of the cashew sector in the Casamance (COFAC) and the Market Regulation Agency (ARM), the forum met from 22 to 23 March in Dakar cashew industry players from Senegal, Gambia and Guinea-Bissau, said the APS.

Today, cashew production in Senegal is on average 40 000 tons per year with the main production area of ??the basin Casamance (Ziguinchor, Kolda and Sédhiou). It generates nearly FCFA 20,000 billion income to producers and 220 000 jobs. The conversion rate is very low, 50 tons in 2014, or 1% of the national production.

Source: http://www.commodafrica.com

Thứ Năm, 24 tháng 3, 2016

Ghana: I'll Reverse Decline in Support for Agriculture - Akufo-Addo

24 March 2016



The flagbearer of the opposition New Patriotic Party (NPP), Nana Addo Dankwa Akufo-Addo, has reiterated his commitment to reverse the decline in the country's support for agriculture, which, he said, has been one of the greatest deficiencies in the current National democratic Congress (NDC) administration.

In his meeting with Muslim communities and some cashew farmers at Sampa in the Jaman North District, Nana Akufo-Addo sympathised with the cashew farmers for being seemingly neglected by the current government.

He promised to revive the agricultural sector where cashew farmers will be focused mostly, in order to make meaningful impact to transforming the country's economy and the lives of the farmers, when voted as president.

Nana Akufo-Addo's assertions follows a recent ban on the export of raw cashew nuts by the Minister of Trade and Industry, Dr. Ekwow Spio-Garbrah, on March 14, 2016, which has sparked misgivings among key stakeholders, including Members of Parliament, farmers and buyers associations, and traditional authorities, particularly, within the Brong-Ahafo Region.

However, Nana Addo, speaking to the farmers, said: "I assure you that the revival of Ghana's declining agricultural sector will be a major area of priority under an Akufo-Addo government, God-willing, from January 2017. If we are to make any meaningful change in the lives of the people, our efforts must be directed at this sector."

According to Nana Addo, majority of the people could only feel a change in their lives when agriculture is developed, "which my government will do next year, if only you vote for me and Siaka Stevens, your MP."

Nana Akufo-Addo, in the company of Mr. Alan John Kwadwo Kyerematen, the Brong Ahafo Regional Chairman of the party, Kwaku Asoma Cheremeh, and other national and regional executives, took the opportunity to address the farmers when they joined the chiefs and people of Suma-Ahenkro to celebrate the Akwantu Kese festival in the district.

Some of the farmers in the district revealed that tonnes of cashew nuts are getting rotten in the Brong Ahafo Region, as cashew buyers are unable to export nuts to foreign markets due to an export ban placed on the commodity by the Ministry of Trade and Industry.

Though the ban was enforced as part of measures to improve the local processing of cashew, which is expected to create jobs and add value to agricultural products before exports, buyers of the produce say, out of the 950,000 bags of cashew produced in the country, factories in the country have the capacity to process only 35,000 bags, leaving over 900,000 bags to rot.

By Michael Boateng


Ghana: I'll Reverse Decline in Support for Agriculture - Akufo-Addo - allAfrica.com
http://allafrica.com/stories/201603240817.html

Africa Cashew Alliance push for government support – Agriculture – Pulse



Abu Mubarik | 14:19 | 24.03.2016



President of ACA, Edgar Maokola-Majogo, lamented about the closure of 10 out of 14 cashew processing plants, blaming it on problems associated with procurements.

Africa Cashew Alliance (ACA) is calling on government to support the cashew industry by creating a suitable environment for the growth of the sector.

President of ACA, Edgar Maokola-Majogo, lamented about the closure of 10 out of 14 cashew processing plants, blaming it on problems associated with procurements.

“We can imagine the tremendous loss to promoters of the factories, the loss of employment for the workers - mainly women - and government in terms of tax, foreign exchange and other revenues,” he said.

“To all the direct and indirect stakeholders, we would like to point out that without government support and the enabling policies, the objective of local value addition through processing cannot be realised."

Maokola-Majogo said some member-countries of ACA have rolled out reforms in the cashew sector.

“Some of the member-countries of ACA such as Cote d’Ivoire, Benin, Mozambique and Guinea Bissau, have recently reformed their cashew sectors to provide an enabling environment and support for all sectors in the cashew value chain,” he said.

Meanwhile, the trade and industry ministry has announced measures to improve cashew production.

A statement signed by the sector minister, Dr.Ekow Spio-Garbrah said government will support the National Buffer Stock Company (NAFCO) to enable them to purchase the raw cashew nuts (RCN) and establish a “Just-in-Time” inventory to ensure that the indigenous processors have an all-year-round supply of RCN.

The statement also said government will initiate discussions concerning the establishment of a credit scheme for cashew farmers.

Government will examine the merits of the setting up of the Ghana Cashew Management

Board to license, supervise and monitor all activities in the cashew value chain, the statement said.

In addition, the statement said government will work with stakeholders to propose and implement a 10-year cashew development plan for Ghana.

This would seek to ensure the development and expansion of the cashew industry and also increase the country’s production to at least 200,000MT by the year 2025, according to the statement.

Cashew production: Africa Cashew Alliance push for government support – Agriculture – Pulse

http://pulse.com.gh/agriculture/cashew-production-africa-cashew-alliance-push-for-government-support-id4843589.html

India: Cashew industry cries foul over customs levies


IANS
Posted at: Mar 24 2016 3:17PM



The labour-intensive cashew industry is crying foul over the budget for fiscal 2016-17 imposing five per cent customs duty, four per cent special additional duty (SAD) and three per cent cess on import of raw cashewnuts without consulting stakeholders, especially farmers, processors and exporters.

"We were shocked to know that the budget has imposed a cumulative burden of 9.36 per cent duties on import of raw cashew nuts in shell for domestic consumption and exports without consulting stakeholders," Karnataka Cashew Manufacturers' Association ex-president Prakash Kalbavi said in an interview.

Though import duty is generally levied on a commodity to protect growers and those affected in the supply chain, the burden on cashew will force its processors to shut their units and lay off labour, mostly women, and growers will be denied the benefit of export price.

"We are more dependent on imports to meet the rising demand in the country and for exports, as the cashew crop is limited and seasonal, meeting around one-third of the processing capacity and consumption," Kalbavi said at a trade event here.

As against the two-million tonne processing capacity, only 600,000 tonnes of raw cashew nut is grown and processed, mostly in the southern and western states of Karnataka, Kerala, Goa and Maharashtra, although Andhra Pradesh, Odisha Tamil Nadu and West Bengal have started contributing of late to bridge the demand-supply gap.

"The processing industry imports around 1.5 million tonnes of raw cashew as the crop is not only far less than the demand but the yield is also lower than in other countries like Vietnam and those in west and east Africa," Kalbavi noted.

The association has urged Finance Minister Arun Jaitley to roll back the duty, which affects manufacturers more than traders, as the latter get SAD refunded.

"As processors and manufacturers, we are at a disadvantage vis-a-vis traders, for whom SAD is refundable if imported cashews are sold raw or without processing. A trader also levies VAT (value added tax) when the shells are sold to a manufacturer for processing them into nuts," Kalbavi pointed out.

Asserting that the duty would adversely affect the industry's competitiveness in the domestic and export markets, Kalbavi said the imposition would negate the Modi government's Make in India campaign, as selling imported nuts would be more viable than growing or processing them in the country.

"With about 4,000 units, the industry directly employs about 400,000 skilled workers through the year for processing the shells imported from Vietnam and Africa, which grow the crop in October-December, and make up for the shortfall in domestic production. If the duty is not withdrawn, many will shut as they cannot absorb the burden," association secretary M. Tukaram Prabhu said.

Raw cashewnuts are grown by small and marginal farmers and processed by micro, small and medium enterprises (MSME) in rural areas, employing mostly women (90 per cent) and generating indirect jobs for about 400,000 people.

The association has appealed to Union Commerce Minister Nirmala Sitharaman to get the duty withdrawn before the budget is passed in parliament, as Jaitley did not respond to the industry's plea despite the intervention of lawmakers from states where cashew is grown and processed.

"India is not only the world's largest producer, processer and exporter of cashews but has also a huge domestic market for its kernels, especially their broken nuts, used in making sweets, biscuits, bakery items, confectionery and snacks throughout the year," Prabhu said.

With the prices of other dry fruits like almonds, walnuts and pistachios declining the world over by 30-40 per cent, the industry fears that if the duty burden is passed on to consumers, consumption of cashew nuts would slump as its buyers may switch over to other nuts that are cheaper.

"As cashew prices are at an all-time high when prices of other dry fruits have declined worldwide, we cannot absorb the additional duty," Kalbavi concluded.

Cashew industry cries foul over customs levies
http://www.thestatesman.com/mobi/news/business/cashew-industry-cries-foul-over-cus[truncated by WhatsApp]

Thứ Tư, 23 tháng 3, 2016

Africa is largest producer of cashew nuts – Alliance

MARCH 23, 2016



Mr Edgar Maokola-Majogo, acting President African Cashew Alliance (ACA), on Tuesday said Africa was the largest producer of raw cashew nuts in the world with an estimated annual output of 1.2 million metric tons.
He said out of this output only about 15 per cent was currently processed in Africa while the bulk was exported to be processed abroad, thereby limiting the benefits of employment, investment, government revenues and foreign exchanges in Africa.
Mr Maokola-Majogo made this observation at a press conference in Accra after a two-day Executive Committee and Advisory Board of the ACA meeting, in Accra to deliberate on the implementation of strategies aimed at developing the cashew industry through increased value addition throughout the value chain.
He said the ACA would be completing its first decade of promoting the cashew industry in Africa with its international partners and was determined to chart a new course for the African cashew industry that would guarantee its global competitiveness and increase its local value addition.
He said ACA has been able to bring cashew to a prominent position as a commercial crop in Africa and with the promotion of the industry by the Alliance, Cashew is now generating interest in producing countries that were diversifying their economies.
Mr Maokola-Majogo noted that one of the major objectives of the ACA was to promote local processing of raw cashew nuts in Africa, to encourage employment and reduce poverty among the farming communities by enhancing their income.
“It is estimated that 25 percent increase in raw cashew nuts processing in Africa would generate over $100 million in household income thereby improving many of the rural families and the ACA acknowledges the bold initiatives of government to promote the industry by encouraging and supporting local processing of cashew in the country”.
He said the ACA would continue to partner with government, local and international stakeholders to support the industry through technical assistant, access to market information, business advisory services, sustainable quality assurance and food safety.
He said they would also continue to advocate for polices that would increase the production and processing of African cashew that meets international best practices, attract the needed investment into the industry and contribute to the development aspirations of producing countries.
“The cashew sector in Africa is still at its nascent stage and would need the corporation and support of all stakeholders including the government to ensure that it achieves its full potential and contributes to the national and regional economies,” he noted.
Source: GNA

Vietnam: Cashew prices reach 10 year record high

22/03/2016

The local cashew industry has seen a spike in cashew prices, marking a 10 year record high, mostly due to increasing global prices.

Quang Son Limited Company workers process cashews for export in central Phu Yen Province. - VNA/VNS Photo Dinh Hue
As reported by Vietnam News Agency, a kilogramme of raw cashew nuts can now be sold for VND32,000 (US$1.4), and a kilogramme of dried cashew nuts fetches VND40,000, the highest prices recorded in the past 10 years.
Viet Nam Cashew Association (Vinacas)'s chairman Nguyen Duc Thanh said that cashew exporters are also buying cashew nuts from local farmers at higher prices.
"Exported cashew prices are rising due to global prices increasing. In addition, Vietnamese cashews are good quality and much favoured by foreign markets," Thanh said.
Since early March, growers in key cashew cultivation areas in the Southern and Central Highlands provinces have started to collect their cashew nuts as it is now entering peak harvest season.
Tran Van Thi, a cashew grower in the Central Highlands of Dak Nong Province said a kilogramme of cashew nuts previously sold for between VND18,000 and 20,000, but now the prices have increased by VND10,000 per kilogramme.
"With higher prices, a cashew growing household can now earn VND90 million to 100 million per hectare of cashews, and after deducting all kinds of expenses and costs, they can gain from VND70 million to VND 85 million in profit," Thi said.
Nguyen Thi Hue, who owns two hectares of cashew plantation in the southern Binh Phuoc Province's Dong Xoai Commune said this season she has collected about four tonnes of cashew nuts, adding that she has received numerous orders from cashew traders. She expects to earn a profit of VND100 million after selling all this year's crop.
According to statistics from Vinacas, in the first two months of this year, Viet Nam exported 37,000 tonnes of cashews with a total revenue of $280 million, an increase of 11 per cent compared with the same period last year.
Short supply
All though cashew prices are increasing, the cashew industry is still facing a shortage of cashews for export. Last year's cashew crops saw low productivity due to unusually bad weather, which in turn led many farmers to narrow their cultivation area for cashews, or even replace cashew plantations with coffee, rubber or fruit trees.
Many farmers now feel regret because they don't have enough cashews for traders, and therefore, the cashew industry cannot fully meet the export demands.
For many years, Thanh said, cashew prices have depended on the local traders.
"Farmers don't directly supply cashews to export enterprises, but have to sell them through several traders. Therefore profits for farmers have been significantly diminished," he said.
In addition, Vietnamese farmers lack advanced preservation technology so they cannot store cashews for long periods. Often farmers will sell the raw cashew nuts right from their gardens, and can easily suffer losses.
"There should be a basic development strategy for the domestic cashew industry, including closer links between farmers, traders and exporters to protect the rights of cashew growers. The State should formulate policies to encourage and support farmers," Thanh said.
To improve the situation, he said that Vinacas is co-operating with relevant agencies to develop a model linking production, processing and consumption, gradually connecting cashew growers with exporters, and helping farmers to increase their profits.
Source VNS